According to both AFR and MF articles, banks have asked the company to reduce debt and not eliminate the debt. MF suggests that is about $100 million at 50 cents. That is 200 million shares. Some may wonder why banks will by paying a premium. It is because they know that once bank says " Yes", SGH will be trading above $1 mark. They can make big gains within short period of time. By the way, considering the dire situation we had, I do not mind having 200 million more shares. If goes well, Slater and Gordon again will be a profit making, dividend paying stable company with Westpac as their largest shareholder. Not a bad outcome. Enough for today. more later.
- Forums
- ASX - By Stock
- Broker Data
According to both AFR and MF articles, banks have asked the...
-
- There are more pages in this discussion • 131 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SGH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online